Union Meadows Housing Development Fund Company Inc

EIN: 161526968 501(c)(3)

Rochester, NY

Total Revenue
$425,082
Total Expenses
$549,830
Total Assets
$1,320,597
Net Assets
$-943,948
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
Dan Sturgis
Phone
5855299555
Tax Period
2024-01-01 to 2024-12-31

Union Meadows Housing Development Fund Company Inc, founded in 1997, is a small nonprofit that reported $425K in total revenue in fiscal year 2024. Expenses of $550K exceeded revenue, resulting in a 29% operating deficit.

Mission

Operating a 48-unit residential low-income housing project, located in Chili, New York.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $422,045
Investment Income $137
Other Revenue $2,900
TOTAL REVENUE $425,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $427,661
Other Expenses $549,830
TOTAL EXPENSES $549,830

Year-over-Year Comparison

2024 2023 Change
Revenue $425,082 $422,247 +0.0%
Expenses $549,830 $490,712 +0.1%
Net Income $-124,748 $-68,465 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
4

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$389,787
Total Directors
4
$389,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Greisberger President 0.10
Officer Director
$0 $2,608 $68,690
Roger Brandt Vice President 0.10
Officer Director
$0 $0 $0
Dan Sturgis Treasurer 0.10
Officer Director
$0 $5,955 $161,123
Helen Bianchi Secretary 0.10
Officer Director
$0 $15,549 $159,974
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $425,082 $549,830 $1,320,597 $-124,748
2023 $422,247 $490,712 $1,457,869 $-68,465
2022 $396,093 $565,096 $1,588,560 $-169,003
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